Moldindconbank: Past – Present – Future!
Commercial Bank “Moldindconbank” JSC is one of the eldest and biggest bank from Moldova. The Bank began its activity on the 1st of July 1959 as a branch of the Stroibank from USSR, the basic duties of which were the financing of constructions of industrial objects, of energetic complex of enterprises, transport trunk roads.
On the 25th of October 1991, according to the decision of the Constituent Assembly, the bank had been reorganized into the Joint Stock Commercial Bank for Industry and Construction - CB “Moldindconbank” JSC. The reorganization represented not only the change of denomination and of the organizing-juridical structure, but and the significant increase of the rendered services for the purpose to transform the bank into a universal financial institution.
From the new history of the bank, we need to mention the last years. This period may be named the most productive and successful period for the CB “Moldindconbank” JSC, which had clearly defined a strategy of development, formed a professional team of managers and, what is the most important, increased the number of faithful bank costumers. During this period, the Bank was awarded different nominalizations and titles from the side of national and European organizations and magazines. Hereby, during the years 2003, 2004, 2006, 2007 the Bank was awarded the title of “The best taxpayer of the year”. In the same time, during the years 2003 and 2004, the European Bank of Reconstruction and Development nominated the bank as being the most active bank from the Republic of Moldova within the Trade Facilitation Program. In the year 2005 the Bank was awarded the title of “The best Bank from Moldova” by the magazine “The Banker”. In the year 2006, the magazine “Global Finance” offered to the title of the best bank from Moldova in the category of the best bank on the market from the Central and East Europe.
Today the CB “Moldindconbank” JSC is one of the biggest bank from the Republic of Moldova with an infrastructure well developed and with a high reputation on the international financial market. At the moment, the bank renders the entire range of banking services by means of its network of subdivisions on the territory of Moldova. The bank keeps correspondence relations with the world level banks, and in the same time collaborates with such international financial institutions as International Financial Corporation, World Bank, and other funds of international development, which allow the bank to attract long term financial resources.
For the future, the CB “Moldindconbank” JSC shall continue the direction of development as an universal bank, offering to the customers corporative products (inclusive crediting of little and medium business) and the direction of retail. The prior strategy of the bank in the conditions of the current year shall be the maintaining of a satisfactory level of liquidity, increase of its presence on the market and promotion of new products designated for little and medium business as well as for physical persons.